Zenos goes for crowdfunding to boost growth

Zenos Cars is partnering with equity crowdfunding platform, Seedrs, as it looks to secure a funding round of £750,000.

As the company gears up for its next series of models following the introduction of the 500 bhp/tonne Zenos E10 R, the crowdfunding round gives customers and fans the opportunity to get further involved with the sportscar brand’s ongoing expansion.

Mark Edwards, Managing Director of Zenos Cars, said: “We have proven that we can deliver on our promise to make thrilling driving experiences accessible to more people, and we are now ready to introduce the next exciting series of models. This crowdfunding drive fits in perfectly with our ethos of inclusion, as it gives fans of exhilarating sports cars a chance to get involved in the next chapter of the Zenos success story. Our search for a crowdfunding partner that understood us and had a reputation for excellence led us to choose Seedrs.”

Tom Davies, Chief Investment Officer of Seedrs, said: “We applaud Zenos Cars’ ambition to open up the experience of owning and driving a high-performance sports car to a wider audience by reducing the cost of ownership. The fact that Zenos sports cars are British-designed and British-built, and are generating such healthy export sales, is testament to the company’s successful formula. We are delighted that Zenos is partnering with Seedrs on this fundraising project.”

Zenos sports cars are ‘clean-sheet’ designs, created to provide excellent performance with plentiful cabin space, low running costs and an invigorating experience that can be enjoyed both by drivers and passengers on the road or on the track.

In the UK the Zenos E10 range begins at £26,995, with the turbocharged E10 S priced at £32,995 and the E10 R available from £39,995.